Company Officers Not Automatically Liable for Offenses; Vicarious Liability Only u/s 17(1) Conditions.

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....Vicariously liability - In case of offence committed by the company its officers cannot be made vicariously liable for commission of offence on the part of the company. Vicarious liability gets attracted in case of the officers of the company only when condition precedent laid down in Section 17(1) of the Act gets satisfied. - HC....